Generational Equity Advises Plan Benefit Services in its Sale to The HILB Group

By Generational Equity

12/18/2020

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Plan Benefit Services, Inc., to The HILB Group. The acquisition closed December 8, 2020 and details were not disclosed.

Plan Benefit Services, Inc. (PBS) is an employee benefits consulting, management and brokerage firm based out of West Columbia, South Carolina. Independently owned and operated since 1986 and built upon a tradition of integrity, industry leadership, and excellence. For over thirty years PBS has worked with some of the top employers to build, implement and manage everything from employee benefit programs to retirement services and more.

Located in Richmond, Virginia, The HILB Group provides the resources of a big insurance broker and the attentive, personal service of a small agency. Their values of trust, passion, integrity and growth drive their actions to benefit every client. HILB has all the bases covered for commercial and personal lines customers, from complex industrial insurance programs, to life protection for families. The Company was founded in 2009, has over 1,000 employees, and 100 locations in 20 states.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Gene Gall, with the support of Vice President Mergers & Acquisitions, Alex Mironov, successfully closed the deal. Senior Managing Director Brian Hendershot established the initial relationship with PBS.

“Both the buyer and seller were a pleasure to work with, we were in the market in the end of June and closed in the first week in December,” said Gall.